Michael's Corner: Calgary Real Estate Advice & Analysis

What happens to my clients when I retire as a realtor?

Your clients don't have to scatter when you retire. You introduce each one to a named Michael Smith Team agent. Each client agrees in writing before the team gets their details. When they buy or sell with the team, you earn a 25% referral fee*, for as long as you keep your licence active with Real.

Can a retired realtor get referral fees in Alberta?

Yes. In the MST Legacy Program, a retired agent can keep earning referral fees after they stop selling, as long as their Alberta licence stays active with Real and the fee is paid through Real.* RECA's Rule 54 (as of September 2026) says referral money goes through the brokerage, not between agents.

Retiring Realtor in Calgary? The MST Legacy Program

The MST Legacy Program lets retiring Calgary agents earn 25% on every future deal from their clients, 30% for our first 10 founding members.* It runs through Michael Smith Team | Real Broker, and you are paid for as long as you keep your licence active with Real.* Every enquiry is confidential. What

Who Pays a Condo Special Assessment Before Closing?

Photo: ParsonsPhotographyNL, CC BY-SA 4.0, via Wikimedia Commons Michael Smith, Michael Smith TeamLast updated: September 2026 The Michael Smith Team explains the rule for Calgary, Alberta condos. Who pays a special assessment before closing depends on when the board passed it, compared with complet